International Asset Manager Selects SunGard's SGN Global Fund Trading Solution
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 09 November 2012
Release date- 08112012 - London - SunGard has announced that GAM, an independent, active investment management firm with USD 48.0 billion in assets under management, has chosen the SunGard Global Network (SGN) global fund trading solution to help broaden and streamline the distribution of its mutual fund products.
The SGN global fund trading solution provides access to investors through the National Securities Clearing Corporation (NSCC) Fund/SERV platform, which valued its transactions at $3.3 trillion at the end of 2011, up 14% from the year before.*
Gary Coffey, director, shareholder services at GAM, said, 'As an active investment manager, we looked for a cost-effective solution that provides reliable connectivity with investors, with the option to expand to other regions quickly. With SGN, SunGard offers a flexible global fund trading hub that helps meet our need for efficiency and fast time to market, combined with the opportunity for investors to gain access to a broader selection of our fund products.'
Mark Judah, senior vice president and managing director of SunGard's Asset Arena Transfer Agency business unit, said, 'International fund companies like GAM are looking to make fund trading more efficient and accessible to investors, globally. By connecting to NSCC's Fund/SERV platform, the SGN global fund trading solution helps organizations like GAM increase trading and operational efficiencies, while also helping to quickly distribute its funds to additional regions as business opportunity and growth needs require.'
NSCC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC). SunGard and DTCC are separate, non-affiliated entities.
The Depository Trust & Clearing Corporation, 2012. Annual Report 2011, 20. New York, NY: The Depository Trust & Clearing Corporation.
About the SunGard Global Network (SGN)
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. SGN helps automate the entire trade lifecycle, from order execution through to post-trade processing. It facilitates trading on over 120 markets worldwide and links more than 2,000 asset managers with over 530 brokers, as well as interconnecting with major third-party order-routing networks. SGN's international connectivity hubs also support low-latency market data delivery from global markets.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
SGN Brokerage Services offered in the United States and Canada are provided by SunGard Institutional Brokerage Inc., Member FINRA/SIPC
SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited which is authorised and regulated by the Financial Services Authority, No. 469919 * Incorporated and registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ.
SunGard Global Execution Services Limited (ARBN No. 132 508 742) is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the Financial Services Authority under UK laws, which differ from Australian laws.
Trademark Information: SunGard, the SunGard logo, Asset Arena and the SunGard Global Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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